Golden Hemlock(GHE) Message Board

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Gold/Mining/Energy : Golden Hemlock(GHE)

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To: Philip Choy who wrote (755)	3/26/1998 4:57:00 PM
From: Robert Dydo	Read Replies (1) of 909

I will try to answer to first question using an assumption and things I heard here and there. There is no doubt that II phase was not done to anyone's satisfaction. There were opinions that they can only justify hole 13 by similar results, since they couldn't (although having still great intervals)interest was weaker and weaker so in order to rescue the whole thing(assumption) they were going away from Tres Amigos through Rudolfo, Purisima, Palo Chino. As you may recall SJG is huge property. Instead of doing a consistent drilling GHE was trying to get another blue-sky potential hole and as you know usually this doesn't work. It didn't work here to many factors like poor ground for example and checking all different geological concepts at once. To this moment we can't really tell what Purisima is all about but at the same time they got lucky at Palo Chino where they drilled pretty good grade and nice interval. Now one of participants of this thread have gone to GM and heard that property is huge, too big for some to think of JV. Nobody said that parts of it can't be ventured. I am making an assumption here again. I feel that program if any will be fueled by such a party, I don't know exactly who but someone who may be attracted to concepts lying on GHE's table. Tres Amigos still holds great potential and I would think that company will hold this area as flagship of San Jose. If this assumption is right there could be also a greater build up of interest if in fact 7 holes will open 500K oz resource in this area. It will be largely dependable on how strong the party is and what capital they would be willing to invest but further plans could be possible. This is my scenario and it is just my own concept not actual plan of GHE. I think that GHE is very undervalued at this moment. Any activity like drilling can easily take us back to 0.30's or even 0.50's, if events will fall in right order. Once more if we have a player behind the drilling we could see price which over ten days period will force warrant holders to act. You remember that 3mln warrants would bring $700K to their account and with this they can do as much as 10,000m of RC. There is a lot of "ifs" but with gold coming around there is a good chance that properties which have indications of gold and their owners will surface once more. The value forgotten for few months could be accountable in the share price in near future. This is my personal view once again. Regards Robert

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